Incubator LaunchBox Digital unveils its first group of startups

LaunchBox Digital, an incubator/investment firm based in Washington, D.C., just announced the lineup of its first “class” of startups. After working with LaunchBox for three months, the companies are giving their East Coast demos today, and will be at the Palo Alto, Calif. offices of Cooley Goodard Kronish tomorrow.

LaunchBox was cofounded by former AOL chief technology officer John McKinley, Julius Genachowski of IAC and Away.com founder Sean Greene. The firm sounds similar to Y Combinator; in exchange for grooming startups and investing between $25,000 and $40,000, LaunchBox gets between 6 percent and 8 percent in equity.